Northwest & Ethical Investments L.P. Sells 454 Shares of Netflix, Inc. $NFLX

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in Netflix, Inc. by 8.7%, selling 454 shares and leaving it with 4,790 shares valued at approximately $4.47 million.
• In the first quarter, other institutional investors increased their stakes in Netflix, with Fullcircle Wealth LLC and others raising their holdings by 2.5% to 4.4%.
• Netflix reported a quarterly EPS of $7.19, exceeding estimates, and achieved revenue growth of 15.9% year-over-year, totaling $11.08 billion.

Northwest & Ethical Investments L.P. cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,790 shares of the Internet television network's stock after selling 454 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Netflix were worth $4,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its stake in shares of Netflix by 3.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 35,100 shares of the Internet television network's stock valued at $32,732,000 after acquiring an additional 1,280 shares during the last quarter. Adams Wealth Management lifted its stake in shares of Netflix by 37.2% in the first quarter. Adams Wealth Management now owns 409 shares of the Internet television network's stock worth $380,000 after acquiring an additional 111 shares during the period. Roberts Capital Advisors LLC boosted its holdings in Netflix by 90.6% in the first quarter. Roberts Capital Advisors LLC now owns 2,636 shares of the Internet television network's stock valued at $2,458,000 after acquiring an additional 1,253 shares during the last quarter. Tyler Stone Wealth Management lifted its position in shares of Netflix by 1.9% in the 1st quarter. Tyler Stone Wealth Management now owns 709 shares of the Internet television network's stock worth $661,000 after purchasing an additional 13 shares during the period. Finally, Knuff & Co LLC boosted its stake in shares of Netflix by 2.0% in the 1st quarter. Knuff & Co LLC now owns 17,307 shares of the Internet television network's stock valued at $16,139,000 after purchasing an additional 344 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock valued at $179,443,809 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Rosenblatt Securities raised their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Trading Down 2.5%

Shares of Netflix stock traded down $30.94 during trading on Tuesday, reaching $1,214.15. 3,698,961 shares of the stock were exchanged, compared to its average volume of 3,188,248. The stock's fifty day moving average is $1,231.65 and its 200 day moving average is $1,105.79. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm has a market cap of $515.93 billion, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the company posted $4.88 EPS. The company's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.